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Business 2008 P3



Sergei Tazin appointed CEO of E.ON Russia Power
Sergei A. Tazin (46) will be the new Chief Executive Officer of E.ON Russia Power, thus completing the management team of E.ON's new market unit in Russia.

Germany's RWE mulls Israeli solar bid
Germany's RWE may bid in the $650m tender to build and operate the solar power plant in Negev, the desert region of southern Israel.

British Energy could seek joint ventures as auction fizzles out
The £11bn ($21.5m) auction of British Energy could be abandoned in favour of a series of joint ventures with Europe's leading power companies, according to plans being considered by the UK nuclear operator.

British Energy rejects EDF, RWE bids
British Energy, the nuclear generator, has rejected the bid approach from EDF and interest from other European groups, saying they do "not represent value for shareholders".

New Indian owner for Italian power OEM
In Milan last Thursday, a historic agreement was signed between Casti Group of Italy and India's Gammon India Limited, in which Gammon acquired a 75 per cent of Franco Tosi Meccanica SpA's capital stock.

Global capacity for solar module produce to increase 'dramatically'
Dean Cooper, analyst at Ambrian, the global capacity for solar module production is set to increase "dramatically", from 3 gigawatts last year to 15 to 20 gigawatts of production in 2010, with much of the growth is coming from China, reports the Financial Times.

Bosch in €1.1bn solar power bid
Bosch has made a €1.1bn ($1.7bn) takeover bid for Ersol, the German solar energy company, marking the first big move by one of the world's major industrial groups in this part of the renewable sector.

Kazakhmys purchases power plant for $1bn
Kazakhmys, the London-listed copper producer, has bought Kazakhstan's biggest power plant, diversifying into the commercial electricity business at a time of growing energy demand in the central Asian country.

UK power giant says energy industry on the brink of radical change
The UK's second biggest gas and electricity supplier, Scottish and Southern Energy, warned the power industry stood on the brink of radical change.

National Grid, E.ON price dispute may have led to blackout
A rescue plan to avert blackouts that hit 500 00 UK homes this week was undermined by demands of E.ON, the German energy group, that National Grid pay double the usual price for an emergency electricity boost, reports The Times.

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